Matches in SemOpenAlex for { <https://semopenalex.org/work/W2697337584> ?p ?o ?g. }
- W2697337584 endingPage "138" @default.
- W2697337584 startingPage "83" @default.
- W2697337584 abstract "Firms scheduled to report earnings earn an annualized abnormal return of 9.9%. We propose a risk-based explanation for this phenomenon, whereby investors use announcements to revise their expectations for nonannouncing firms, but can only do so imperfectly. Consequently, the covariance between firm-specific and market cash flow news spikes around announcements, making announcers especially risky. Consistent with our hypothesis, announcer returns forecast aggregate earnings. The announcement premium is persistent across stocks, and early (late) announcers earn higher (lower) returns. Nonannouncers' response to announcements is consistent with our model, both over time and across firms. Finally, exposure to announcement risk is priced." @default.
- W2697337584 created "2017-06-30" @default.
- W2697337584 creator A5024102846 @default.
- W2697337584 creator A5048174054 @default.
- W2697337584 date "2016-01-14" @default.
- W2697337584 modified "2023-10-13" @default.
- W2697337584 title "Earnings Announcements and Systematic Risk" @default.
- W2697337584 cites W1532430735 @default.
- W2697337584 cites W1572150934 @default.
- W2697337584 cites W1598862591 @default.
- W2697337584 cites W1965462086 @default.
- W2697337584 cites W1989808110 @default.
- W2697337584 cites W1993981983 @default.
- W2697337584 cites W1995834279 @default.
- W2697337584 cites W1998990073 @default.
- W2697337584 cites W2000429174 @default.
- W2697337584 cites W2010444180 @default.
- W2697337584 cites W2010891591 @default.
- W2697337584 cites W2011277479 @default.
- W2697337584 cites W2018291687 @default.
- W2697337584 cites W2031754064 @default.
- W2697337584 cites W2038224101 @default.
- W2697337584 cites W2040554388 @default.
- W2697337584 cites W2046942780 @default.
- W2697337584 cites W2057271217 @default.
- W2697337584 cites W2061927536 @default.
- W2697337584 cites W2066258297 @default.
- W2697337584 cites W2077426561 @default.
- W2697337584 cites W2078838966 @default.
- W2697337584 cites W2081432842 @default.
- W2697337584 cites W2083015905 @default.
- W2697337584 cites W2085538322 @default.
- W2697337584 cites W2098909994 @default.
- W2697337584 cites W2111255674 @default.
- W2697337584 cites W2122453568 @default.
- W2697337584 cites W2124601071 @default.
- W2697337584 cites W2131177033 @default.
- W2697337584 cites W2144487825 @default.
- W2697337584 cites W2149908462 @default.
- W2697337584 cites W2166215547 @default.
- W2697337584 cites W2166406699 @default.
- W2697337584 cites W2323936064 @default.
- W2697337584 cites W2324302607 @default.
- W2697337584 cites W2325426657 @default.
- W2697337584 cites W2888224110 @default.
- W2697337584 cites W2891832533 @default.
- W2697337584 cites W3121288394 @default.
- W2697337584 cites W3121465794 @default.
- W2697337584 cites W3121889295 @default.
- W2697337584 cites W3122656306 @default.
- W2697337584 cites W3122712023 @default.
- W2697337584 cites W3123160767 @default.
- W2697337584 cites W3123178375 @default.
- W2697337584 cites W3123251033 @default.
- W2697337584 cites W3123266240 @default.
- W2697337584 cites W3124536539 @default.
- W2697337584 cites W3124790942 @default.
- W2697337584 cites W3125177509 @default.
- W2697337584 cites W3125275455 @default.
- W2697337584 cites W3125410053 @default.
- W2697337584 cites W3125428948 @default.
- W2697337584 cites W3125732841 @default.
- W2697337584 cites W3150547458 @default.
- W2697337584 cites W4243277903 @default.
- W2697337584 doi "https://doi.org/10.1111/jofi.12361" @default.
- W2697337584 hasPublicationYear "2016" @default.
- W2697337584 type Work @default.
- W2697337584 sameAs 2697337584 @default.
- W2697337584 citedByCount "152" @default.
- W2697337584 countsByYear W26973375842013 @default.
- W2697337584 countsByYear W26973375842014 @default.
- W2697337584 countsByYear W26973375842015 @default.
- W2697337584 countsByYear W26973375842016 @default.
- W2697337584 countsByYear W26973375842017 @default.
- W2697337584 countsByYear W26973375842018 @default.
- W2697337584 countsByYear W26973375842019 @default.
- W2697337584 countsByYear W26973375842020 @default.
- W2697337584 countsByYear W26973375842021 @default.
- W2697337584 countsByYear W26973375842022 @default.
- W2697337584 countsByYear W26973375842023 @default.
- W2697337584 crossrefType "journal-article" @default.
- W2697337584 hasAuthorship W2697337584A5024102846 @default.
- W2697337584 hasAuthorship W2697337584A5048174054 @default.
- W2697337584 hasConcept C10138342 @default.
- W2697337584 hasConcept C121955636 @default.
- W2697337584 hasConcept C144133560 @default.
- W2697337584 hasConcept C162324750 @default.
- W2697337584 hasConcept C2781426361 @default.
- W2697337584 hasConcept C73283319 @default.
- W2697337584 hasConcept C80212096 @default.
- W2697337584 hasConceptScore W2697337584C10138342 @default.
- W2697337584 hasConceptScore W2697337584C121955636 @default.
- W2697337584 hasConceptScore W2697337584C144133560 @default.
- W2697337584 hasConceptScore W2697337584C162324750 @default.
- W2697337584 hasConceptScore W2697337584C2781426361 @default.
- W2697337584 hasConceptScore W2697337584C73283319 @default.
- W2697337584 hasConceptScore W2697337584C80212096 @default.
- W2697337584 hasIssue "1" @default.